#3 - Apple (NASDAQ:AAPL)
Despite a four-for-one stock split and the launch of another generation of its iPhone, the iPhone 12, Apple (NASDAQ:AAPL) stock is down for the year. Right now, AAPL stock is only down about 4% but not long ago it was in the unusual position of being one of the Dogs of the Dow.
However, it’s one of those times when it’s important to understand why a stock is sliding. In the case of Apple, it really has more to do with an overall reevaluation and repricing of the entire tech sector. The growth drivers that Apple has enjoyed over the past several years are still in place.
And those drivers go well beyond the company’s iconic iPhone. Wearables and Services are becoming a core of the company’s business. For example, the Apple Watch has defied some early naysayers to become a core part of a consumer’s journey to connected fitness. And that’s part of the new normal that’s not likely to go away.
Stock # 5 on this list will surprise you
To be fair, AAPL stock is up over 100% in the last 12 months. But with the stock split making the stock more accessible for retail investors, it’s safe to assume that it’s still a good time to get in on Apple stock.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Read More - Current Price
- $254.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $236.78 (7.0% Downside)
